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Known for the Companies We Keep

Helping Businesses Launch, Locate, and Expand in the City of Rockville, Maryland

Business Funding & Incentives

Business Grants & Loans

Rockville MOVE Program (New Program)
from the City of Rockville for New or Relocating Businesses

  • One-time grant to businesses that are relocating or expanding from outside Montgomery County, or startups moving into their first commercial space, and purchase or lease space for a minimum of three years.
  • Excludes retail and restaurant industries.
  • The property must be categorized as Class A or B office, industrial, or flex space.
  • Eligible businesses may receive a grant of up to $4.00 per square foot, which may be combined with a grant from Montgomery County’s MOVE Program for up to an additional $8.00 per square foot.
  • Entire guidelines available here.
  • Online application available here.
  • For more information contact Michael Stiefvater at (301) 355-2202 or stiefvater@rockvilleredi.org

Business Expansion Fund (New Program)
from the City of Rockville for Existing Businesses

  • One-time grant to existing Rockville businesses that seek to lease or purchase a minimum of 1,000 square feet of additional space.
  • Excludes retail and restaurant industries.
  • The property must be categorized as Class A or B office, industrial, or flex space.
  • Eligible businesses may receive a grant of up to $5.00 per square foot.
  • Entire guidelines available here.
  • Online application available here.
  • For more information contact Michael Stiefvater at (301) 355-2202 or stiefvater@rockvilleredi.org

MOVE Program
from Montgomery County for New or Relocating Businesses

  • One-time grant to businesses that are new to the county and lease up to 10,000 square feet of Class A or B office space for a minimum of three years, excluding retail and restaurant industries.
  • Eligible businesses may receive a grant of $8.00 per square foot.
  • For more information contact Ruth Semple at (240) 777-2077 or Ruth.Semple@montgomerycountymd.gov

Economic Development Fund
from Montgomery County for New or Existing Businesses

  • Offers financial assistance for employers that retain or stimulate jobs with priority given to companies in high technology and manufacturing, or providing the greatest public benefits.
  • The typical assistance amount ranges from $5,000 to $100,000, although higher amounts are possible for businesses involved in large projects.
  • For more information contact Ruth Semple at (240) 777-2077 or Ruth.Semple@montgomerycountymd.gov.

Small Business Revolving Loan Program
 from Montgomery County for Existing Businesses

  • Direct loans, or participation in loans made by other financial institutions, to small businesses with gross revenues less than $5,000,000 annually and with fewer than 75 employees.
  • To be eligible, the funds must be used for the expansion or stabilization of the business.
  • The typical assistance amount ranges from $5,000 to $100,000, with maximum terms up to 5 years.
  • For more information contact Lydia Lan at (240) 777-2000 or lydia.lan@montgomerycountymd.gov

Video Lottery Terminal Fund (VLT)

from the State of Maryland for New or Existing Businesses

  • Loans from $25,000 to $500,000 for business acquisition and expansion, commercial real estate purchases, leasehold improvements, equipment and vehicle purchase, and working capital.
  • For more information contact one of the VLT fund managers in the region:
    • Anne Arundel Economic Development Corporation – (410) 222-7410
    • FSC First – (301) 883-6900
    • Howard County Economic Development Authority – (410) 313-6500

Neighborhood BusinessWorks Program
from the State of Maryland for New or Existing Businesses

  • Provides flexible gap financing to new or expanding small businesses and nonprofit organizations.
  • Financing ranges from $25,000 to $500,000 for up to 50 percent of a project’s total cost.
  • Eligible projects and uses of funds include
    • Mixed-use projects of combining residential and commercial uses
    • New construction or rehabilitation
    • Machinery and equipment
    • Certain other costs associated with opening or expanding a small business
  • For more information contact Michael Haloskey at (410) 514-7237 or michael.haloskey@maryland.gov

Maryland Business Works
from the State of Maryland for Existing Businesses

  • Training grant funds to upgrade the skills of current employees for private sector businesses with 100 employees or fewer, primarily those providing in-demand products or services and those facing potential layoffs.
  • Assistance is limited to $4,500 per employee with a $40,000 limit per employer each program year.
  • The following types of activities and items are considered allowable training costs:
    • Classroom-based training designed to meet the specific requirements of a business
    • In-house staff training
    • Apprenticeships
    • Instruction provided by consultants
    • Books and training materials
    • Initial proficiency testing
    • English language acquisition
  • For more information contact the Department of Labor, Licensing & Regulation at (410) 767-2173.

ExportMD Program
from the State of Maryland for Existing Businesses

  • Helps to offset the costs of marketing internationally for small and mid-sized companies.
  • Assistance is for up to $6,000 in reimbursement for expenses associated with an international marketing project including trade show fees, airfare, translation of brochures, and web site development.
  • In addition, recipients can also receive assistance from the Maryland Department of Commerce’s trade experts.
  • Qualifications for businesses are as follows:
    • Operating in Maryland and in good standing with the Department of Assessments and Taxation
    • Been in existence for at least one year
    • Has not received an ExportMD Award in the last 2 years
    • Is a “small business” as defined by the SBA
    • Planning an international business initiative to commence and conclude within six months of the application deadline
  • For more information contact the Office of International Investment and Trade at (410) 767-0685.

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